We are all guilty of getting excited when we see those four little letters F-R-E-E. But let's be honest, retailers and companies use the word (usually in big red letters) on purpose, just to lure you into the store or onto their website. But, you know as well as I do, that FREE, most of the time, doesn't mean FREE! Especially when it comes to credit cards.
I could write 100 posts on credit cards alone, and how people get mixed up with them....paying the minimum payment then getting served a boat load of interest charges, but I'll go off on that tangent another time.
Now I'm going to focus solely on credit scores, because I know everyone out there is curious to know what their's is...especially, when it comes to making a big purchase, like a house or a car. In fact, most loaning institutions make it mandatory for you to get a credit score with any such big investment.
But there are many ads out there that say free credit report, and you guessed i, it's not really free. So, before you know it, you're paying an unknown company for different numbers requested by the bank or mortgage company.
Jane Kim from the Wall Street Journal, writes that most companies that offer a free report, only give consumers a small glimpse of what their score truly is...then they charge them for the rest.
Check out her article here, to get an idea of how not to get "hoodwinked," on a so called, FREE Credit Report!
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